Japan Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Japan's gross savings was 30.39% in 2025, ranked 28th globally. This represents a 2.2% decrease from 2024. Data from World Bank, covering 1980–2025.
Overview
Japan's gross savings stood at 30.39% in 2025, a decline of +0.68% from 2024. The IMF projects 30.39% by 2025. Japan ranked 28th globally.
Japan’s gross savings ratio stood at 30.39 in 2025, placing the country 28th in the world and hovering just below peers such as Sweden (31.03) and Türkiye (30.20). The indicator has shown modest variation over the 46‑year series, rising from 29.66 in 1980 to a post‑bubble high of 33.43 in 1996 before falling to a low of 24.90 in 2012, a trough that coincided with the aftermath of the 2008‑09 global financial crisis and domestic fiscal pressures. Since that dip, savings have recovered steadily, driven by an aging population’s propensity to accumulate assets and by corporate retention of earnings amid uncertain growth prospects. The gradual upward drift from the 2012 trough to the 2025 level suggests a resilient saving culture, yet future shifts in demographic structure, labor‑market reforms, or a sustained rise in consumption could alter the trajectory, potentially moderating the incremental gains observed in recent years.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 29.68% | - | - |
| 2029* IMF | 29.81% | - | - |
| 2028* IMF | 29.88% | - | - |
| 2027* IMF | 30.06% | - | - |
| 2026* IMF | 30.14% | - | - |
| 2025* IMF | 30.39% | - | - |
| 2025 | 30.39% | −0.68% | #28 |
| 2024 | 31.07% | +1.24% | #29 |
| 2023 | 29.98% | +1.08% | #43 |
| 2022 | 28.77% | −0.95% | #51 |
| 2021 | 29.65% | +1.46% | #48 |
| 2020 | 28.15% | −1.09% | #43 |
| 2019 | 29.17% | +0.00% | #52 |
| 2018 | 29.13% | −0.22% | #52 |
| 2017 | 29.29% | +0.50% | #40 |
| 2016 | 28.73% | +0.49% | #32 |
| 2015 | 28.18% | +2.39% | #42 |
| 2014 | 25.77% | +0.47% | #58 |
| 2013 | 25.25% | +0.30% | #64 |
| 2012 | 24.90% | −0.73% | #66 |
| 2011 | 25.58% | −0.85% | #61 |
Detected Pattern
Analysis
Japan matched the Export Boom Cycle pattern in 2004. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Japan's gross savings was 30.39% in 2025. Ranked 28th globally. This represents a 2.2% decrease from the previous year.
Japan's gross savings peaked at 33.43% in 1996.
The lowest gross savings in Japan was 24.90% in 2012.
Japan ranks 28th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Japan's gross savings is projected to reach 30.39% by 2025 based on IMF projection.
The gross savings of Japan in 2025 was 30.39%. This ranks 28th in the world.
Cite this page
@misc{historysaid_japan_gross-savings,
title = {Japan Gross Savings},
url = {https://historysaid.com/japan/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}